Spend Wisely | Strategy And Tactics. #LOH 169
Talking about strategies and tactics to spend wisely, I can remember an adage which my tribe people (Yoruba) are fond of using to communicate among each other just to remind themselves to keep engaging in the habit of spending wisely.
While growing up, hearing this proverbs "Money doesn't stay forever, it's a visitor", Within my people . As a matter of fact, with my little experience that I have encountered with money, I can boldly say that truly, money is a visitor, it comes and goes. Knowing this has always made me to build myself into habit of spending wisely.
For me to avoid Overspending at all costs, I always put all my monthly income into consideration first. The reason for doing this, is to build all my expenses on my income, because I hate borrowing money or getting into debt.
However, no matter how little my monthly income might be, I always budget more of my income into savings. I'm fond of savings than spending. So, my first budget plan after knowing my monthly Income is saving for the future, I saved a lot. sometimes I save highest percentage from my income.
The remaining money after my savings is where I always set up my expenses throughout the month, expenses which include my wants and my needs throughout the month and my emergency money for health care, because health is wealth, and some other things that meant comes up as an emergency.
I know isn't always an easy task to do, looking at the country economics challenges but for me to achieve my goal, and avoid overspending, that may lead me into debt or borrowing money, I always learnt to say NO, stay focus or avoid distractions that can prevent me from achieving my financial goal.
Even when I enter a shopping mall or restaurant that my budget plan look like is going to break down. My strategies or tactics to always avoid overspending, is me always remember this proverb. That say "money is a visitor, it comes and goes" and help me to stay focus, No distraction, stay motivated and spend wisely.
Thanks for your time on my blog!.
!MEME
Credit: orionvk
Earn Crypto for your Memes @ HiveMe.me!
!LADY
View or trade
LOH
tokens.@ladiesofhive, you successfully shared 0.1000 LOH with @ashiru and you earned 0.1000 LOH as tips. (16/30 calls)
Use !LADY command to share LOH! More details available in this post.
View or trade
LOH
tokens.@ashiru, You have received 1.0000 LOH for posting in Ladies of Hive. We believe that you should be rewarded for the time and effort spent in creating articles. The goal is to encourage token holders to accumulate and hodl LOH tokens over a long period of time.
Even when managing a simple 'shoestring' budget it is wise to plan for Emergency needs and they will happen when you don't expect it. It eliminates that element of uncertainty should you get sick and cannot work.
Thanks @ashiru
In a way, that sounded funny. 😄
Thanks for your contribution
Hmmm🤔 you save more than your expenses, how do you do that? I save thirty percent of my salary and the rest goes to expenses plus my transportation to my place of work every day till my next payday.
Not everytime, but I try cutting my expenses, I always buy in bulks, and cook at home. so that I can meet up the goal.
Congratulations @ashiru! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next target is to reach 1500 comments.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOP
To support your work, I also upvoted your post!
Yay! Your post was upvoted by the @minnowsupport project and will be featured, along with four other authors of Ladies of Hive, in an article.
!LADY
View or trade
LOH
tokens.@silversaver888, you successfully shared 0.1000 LOH with @ashiru and you earned 0.1000 LOH as tips. (2/30 calls)
Use !LADY command to share LOH! More details available in this post.
Thanks you so much @silversaver888
Yay! 🤗
Your content has been boosted with Ecency Points, by @ashiru.
Use Ecency daily to boost your growth on platform!
Thanks ecency
This is a good proverb, one to remember.
!ALIVE
!BBH
!COFFEE
Yes o, one to always remember. Thanks for stopping by
@ashiru! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @ironshield. (3/5)
@ashiru! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ ironshield. (3/30)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want, plus you can win Hive Power (2x 50 HP) and Alive Power (2x 500 AP) delegations (4 weeks), and Ecency Points (4x 50 EP), in our chat every day.